Orthopaedic, Prosthetic, and Surgical Appliances
A large variety of items are created by the medical equipment manufacturing sector for use by doctors, nurses, hospital staff, medical researchers, lab technicians, and other professionals in the healthcare sector.
Orthopaedic, prosthetic, and surgical appliance makers have a significant market share in the world of medical equipment producers and suppliers, bringing in more than $92 billion in sales and employing more than 300,000 people in 2016. The sector is anticipated to surpass $135 billion by 2024, with a compound annual growth rate of around 5%.
According to revenue statistics, the following businesses constitute the top 10 manufacturers in this sector:
The 3M Company
previously the Minnesota Mining and Manufacturing Company has locations spanning 21 states in addition to its headquarters in Maplewood, Minnesota. 3M, which was established in 1902, prides itself on being a "global scientific firm that never stops creating," and it presently provides 46 technological platforms.
While the company is heavily involved in a number of sectors, including industrial, safety, electronics, and energy as well as consumer goods, its healthcare division caters to a wide range of medical businesses, including hospitals, medical clinics, pharmaceutical companies, dentists, and orthodontists, as well as manufacturers and testers of food.
Products include inhalation and transdermal medication delivery systems, skin care, infection control, and medical and surgical equipment.
Franklin Lakes, New Jersey-based Becton, Dickinson & Co.
(BD) has a long, illustrious history of medical invention and progress. BD, which was established in 1897, has more than a century of expertise in the production of many types of medical equipment.
In actuality, the corporation still operates two distinct business divisions: BD Medical and BD Life Sciences. Pre-fillable medication delivery systems, infusion treatment devices, and medical goods for diabetes management are the main areas of concentration for BD Medical.
The anaesthetic surgical items that BD Medical also provides include ophthalmic equipment, critical care systems, respiratory ventilation, and diagnostics. On the other side, BD Life Sciences specializes in complicated analyzers, molecular testing systems, and specimen collecting systems.
The Stryker Company
the Orthopedic Frame Company when it first opened its doors in 1941 in Kalamazoo, Michigan. Stryker is a top producer of medical technology today, including orthopaedic implants, powered surgical equipment, and endoscopic systems. It has more than 33,000 workers and 6500 patents. Knee and hip joint replacements, surgical equipment and navigation systems, and neurosurgical and neurovascular devices are only a few of the company's internationally distributed goods.
A part of Medtronic Plc,
Medtronic Vascular Inc. manufactures a wide variety of therapeutics and medical devices for the treatment of vascular and cardiac illnesses. Minneapolis, Minnesota is home to Medtronic's corporate office, which was established in 1949.
But as of now, Medtronic has more than 370 facilities spread throughout more than 160 nations. The business creates medical devices for approximately 40 different medical disorders.
The corporate headquarters of the American healthcare giant Baxter International Inc. is located in Deerfield, Illinois.
The company's main areas of concentration include chronic and urgent medical issues, including kidney illness. Sales for the company's two segments, BioScience and Medical Products, were $10.6 billion in 2017.
Recombinant and blood plasma proteins, plasma-based treatments, products for regenerative medicine, and vaccines are all produced by Baxter's BioScience division to treat haemophilia and other bleeding disorders, immunological deficiencies, and other chronic and acute blood-related illnesses.
Inhalational anaesthetics, contract manufacturing services, and products to treat end-stage kidney disease, or irreversible kidney failure, including products for peritoneal dialysis and hemodialysis, are all produced by Baxter's Medical Products business.
It also produces intravenous products and other products used in the delivery of fluids and drugs to patients.
Although it was formally introduced in the 1930s, by the end of the decade Glenview, Illinois had welcomed its first production plant.
Baxter provides expertise in medical devices, pharmaceuticals, and biotechnology today and has production operations in 20 different nations.
The business manufactures medicines for a range of illnesses, including immunological diseases, renal disease, trauma, and other maladies.
While their renal division offers technology and treatment for kidney illness and dialysis, their hospital goods segment sells items like intravenous fluid and medication administration.
DePuy Synthes, Inc.,
a subsidiary of Johnson & Johnson and one of the biggest orthopaedics firms in the world is a designer, producer, and distributor of orthopaedic joint repair, neuro & spinal care, and sports medicine products.
A wide range of products is available for joint repair, trauma, the spine, and sports medicine from DePuy Synthes. DePuy began with a 1splint device in Warsaw, Indiana, in 1895. Today, the company supports about one million orthopaedic surgeries yearly and employs 18,000 employees across 60 countries.
Company: Boston Scientific
As a top producer of medical devices in seven market segments cardiac rhythm management, interventional cardiology, electrophysiology, endoscopy, urology and pelvic health, peripheral interventions, and neuromodulation they provide a broad variety of interventional medical specialities.
Boston Scientific, which was established in 1979, now employs more than 27,000 people in 40 nations, with its global headquarters in Marlborough, Massachusetts.
Zimmer Biomet Holdings, Inc.
Although it was established in Warsaw, Indiana, in 1927, the business now has operations in more than 25 nations and sells its products in more than 100 nations worldwide.
In addition to dental implants and other surgical supplies, Zimmer Biomet also provides items for orthopaedic reconstruction for sports medicine, biologics, trauma, the spine, and bone healing.
It is also a Johnson & Johnson business that focuses on producing surgical goods such as hemostatic agents, endoscopic tools, wound care items, bariatric and gastric bypass bands, and hernia repair supplies. In actuality, the business has been making surgical sutures since 1887, but Johnson & Johnson would only formally become its parent firm in 1949.
Dentsply Sirona, Inc.
is one of the 2top American medical manufacturers and is completed by dental goods and technology. The business offers a wide selection of dental tools and equipment for prostheses, implants, endodontics, orthodontics, and imaging systems.
Dentsply Sirona was established in New York City in 1899, and now it employs over 15,000 people and does business in more than 40 nations.
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Stryker $14.88B, DePuy Synthes $8.84B, Zimmer Biomet $7.98B, Smith & Nephew $5.13B
These are also some of the Orthopedic Companies in the US.
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